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Ridgewood Water proposes $25.1M budget, flags PFAS, lead-line work and an 11.5% average rate increase
Summary
Ridgewood Water presented a $25.12 million 2025 budget and a proposed rate package that would raise the average residential annual bill about 11.5% as the utility advances PFAS treatment plants, lead-service-line replacements and distribution upgrades.
Rich Kalbi, general manager of Ridgewood Water, and Business Manager Michael Kors presented the utility’s 2025 proposed budget of $25,123,197 at the council’s Feb. 3 meeting and outlined major capital and regulatory drivers.
Kalbi said about $19 million of the proposed total supports 2025 operating requirements and roughly $6 million covers debt service. He explained that more than half of the utility’s debt-service burden for 2025 is tied to the utility’s PFAS treatment master plan, which requires construction of multiple treatment plants and raw-water mains to connect satellite wells.
PFAS and infrastructure: Ridgewood Water is in a…
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